Epoxy Molding Compound Market size, Trend

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Epoxy Molding Compound Market Trend Analysis,
Share Forecast,
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Global Epoxy Molding Compound Market has grown
securely over the years. It is likely to register
a CAGR of 3.81, in value terms, over the
projection period 2019-2026, and reach at USD
289.65 Million by 2026. The key factors driving
the demand for epoxy molding compounds are the
substitution of traditional materials with epoxy
molding compound based products. The epoxy
molding compounds offer high mechanical strength
and productivity.   The aim of the Epoxy Molding
Compound (EMC) is to encapsulate various
sensitive electronic instruments. Starme EMC
provides a large variety of halogen-free
compounds to suit various application
requirements and preferences. Epoxies are
considered useful due to its media resisting
properties. As they are mechanically and
environmentally shielded and safe-to-use goods,
besides merits mentioned above, the market for
the global epoxy molding is anticipated to grow
steadily in upcoming period.
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Global Epoxy Molding Compound Market Outlook and
Trends   Growth Driver    Rising Need for
Thermally Stable and Corrosion-resistant
Components Drives the Epoxy Molding Compound
Market   The main factor driving the demand for
epoxy molding compounds is the substitution of
conventional resin molding materials.
Additionally, the properties such as
heat-resistance, flame-resistance, high
dielectric strength, and corrosion-resistance are
other critical factors projected to fuel their
adoption and demand assuring growth over the
projected timeframe. Increasing demand for epoxy
molding compounds across various end-use
industries such as automotive and aerospace is
expected to be a significant factor for these
compounds in the coming years.
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Impact of COVID-19 in industry   Due to global
pandemic, social distancing norm is followed
everywhere including healthcare, corporates and
production houses. Most of them have allowed Work
From Home to their employees, allotted tasks in
multi shifts in premises and built separated
working desks. The disruption is being
experienced in regular business
activities.   Significant volatility and decline
in demand have been noticed as a result of
reduced orders and order cancellations, leading
to lower revenues, increased inventories, reduced
value of inventories and lower gross
margins.   The slowdown in economic activity and
transportation restrictions in affected countries
will likely have a bearing on the production and
profitability of specific global companies,
engaged in manufacturing or in supply of raw
materials used in manufacturing. Small and
medium-sized firms may have greater difficulty
surviving the disruption.
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Global Epoxy Molding Compound Market By Industry
Vertical   Epoxy molding compound finds its
significant applications in the electrical,
automotive, aerospace, and other industries. Over
the projection period, the electrical segment is
likely to emerge as the fastest-growing
application market for epoxy molding compounds.
The epoxy molding compounds manifest properties
such as corrosion-resistance, thermal strength
and heat resistance when exposed to elevated
temperatures and harsh environmental
conditions. The automotive application market
holds the second-largest market share, as the
epoxy molding compounds prevent rust and
corrosion on the body and critical metal parts of
vehicles, thereby saving maintenance costs and
increasing the average lifespan of automotive.
They are deployed in mounts for electric motors,
valve corners for automobiles and headlight
liners. Based on regional segmentation global
Epoxy Molding Compound market is segmented into,
North America, Europe, Asia-Pacific, Latin
America, and Middle East Africa.
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Competitive landscape   The leading players in
global Epoxy Molding Compound market are Sumitomo
Bakelite, Hitachi Chemical, Chang Chun Group,
Hysol Huawei Electronics, Panasonic, Kyocera,
KCC, Samsung SDI, Eternal Materials, Jiangsu
zhongpeng new material, Shin-Etsu Chemical,
Hexion, Nepes, Tianjin Kaihua Insulating
Material, HHCK, Scienchem, Beijing Sino-tech
Electronic Material and Others. Recent
Developments On 25, May 2020 Sumitomo Bakelite
Co., Ltd. to begin production of Epoxy Resin
Encapsulation Materials for automotive use in
Europe- Sumitomo Bakelite will open a new
manufacturing line to produce epoxy resin
encapsulation materials for automotive use in its
Belgian production subsidiary, in order to meet
increasing demands in the mobility field in
Europe. Sample Copy https//www.blueweaveconsulti
ng.com/global-epoxy-molding-compound-market-bwc201
20/report-sample
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